Qonto is launching its physical payment terminals in response to growing demand from its customers for an all-in-one financial management solution, including the ability to easily collect payments face-to-face. Many customers combine digital activity with physical presence. In an increasingly competitive market, where banks 2.0 are seeking to maximize customer value and loyalty, offering an integrated payment terminal also enables Qonto to capture an additional share of its users' financial flows.
There are several aspects to this launch. Firstly, secure payment links, designed to make remote payments easier and safer. Secondly, Tap to Pay, a new solution that instantly transforms compatible smartphones into payment terminals, without any additional hardware installation. Finally, physical payment terminals that enable the initially 100% digital brand to expand payment possibilities in the professional environment. All these tools are integrated into the Qonto interface, with no need for manual input. Payments are automatically updated, visible in real time, and connected to the accounting management already in place in the application. This launch is part of Qonto's wider strategy to become the central banking solution for the self-employed and small businesses. Following on from expense management, invoicing, virtual cards and accounting integrations, physical cash management now completes the unicorn's arsenal of solutions.
Qonto, founded in 2016 by Alexandre Prot and Steve Anavi, has become the go-to financial management solution for SMEs and freelancers in Europe. The company is now present in eight markets (France, Germany, Italy, Spain, Belgium, the Netherlands, Austria and Portugal).
